Economic Reporter :
The leaders of the country’s apex business forum, Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), Wednesday observed that the involvement of Rapid Action Battalion (RAB) in VAT collection process would be counterproductive.
“We think the involvement of a third party is illogical rather the involvement of RAB in this regard might create apprehension among the businessmen” FBCCI President Abdul Matlub Ahmed told a view exchange meeting with media here.
The leaders in the function has sought immediate government’s steps to make the country a global investment hub fast, introducing single digit interest rate, developing infrastructure, mitigating problems in the power sector and streamlining VAT policy.
President Abdul Matlub Ahmed said the country is gradually becoming a business hub as many foreign investors are showing interest to invest here.
The action plan for the new year of the apex trade body was discussed in the function held at FBCCI auditorium in the city Two big Indian investors are showing keen interest to invest in power and port sectors in the country, he said.
“Reliance Anil Dhirubhai Ambani Group is showing keen interest to invest on around US dollar 3.5 billion in power sector and Adani Group wants to invest on around US dollar eight billion at both power and port sectors where US dollar five billion as early as possible,” he added.
Matlub said the government and Bangladesh Bank both agree to bring the interest in single digit, but nonperforming loan is the key barrier in this regard which is around taka 60,000 crore.
He called upon the NBR authorities to make hassle-free revenue collection process to boost the private sectors. Among others, FBCCI First Vice President M Shafiul Islam and its directors Mohammad Bazlur Rahman, Helal Uddin and M Harun-ur-Rashid also addressed the function.
The leaders of the country’s apex business forum, Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), Wednesday observed that the involvement of Rapid Action Battalion (RAB) in VAT collection process would be counterproductive.
“We think the involvement of a third party is illogical rather the involvement of RAB in this regard might create apprehension among the businessmen” FBCCI President Abdul Matlub Ahmed told a view exchange meeting with media here.
The leaders in the function has sought immediate government’s steps to make the country a global investment hub fast, introducing single digit interest rate, developing infrastructure, mitigating problems in the power sector and streamlining VAT policy.
President Abdul Matlub Ahmed said the country is gradually becoming a business hub as many foreign investors are showing interest to invest here.
The action plan for the new year of the apex trade body was discussed in the function held at FBCCI auditorium in the city Two big Indian investors are showing keen interest to invest in power and port sectors in the country, he said.
“Reliance Anil Dhirubhai Ambani Group is showing keen interest to invest on around US dollar 3.5 billion in power sector and Adani Group wants to invest on around US dollar eight billion at both power and port sectors where US dollar five billion as early as possible,” he added.
Matlub said the government and Bangladesh Bank both agree to bring the interest in single digit, but nonperforming loan is the key barrier in this regard which is around taka 60,000 crore.
He called upon the NBR authorities to make hassle-free revenue collection process to boost the private sectors. Among others, FBCCI First Vice President M Shafiul Islam and its directors Mohammad Bazlur Rahman, Helal Uddin and M Harun-ur-Rashid also addressed the function.
